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UN Security Council imposes new North Korea sanctions over missile tests

08 August 2017, 12:43 | Lucy Hill

Chinese foreign minister says he pressed N.Korea to follow UN resolutions

The revelations regarding widespread smuggling operations and Chinese companies disregarding UN sanctions could worsen the relationship between US President Donald Trump and his Chinese counterpart Xi Jinping

"To have China stand with us, along with Japan and (South Korea) and the rest of the worldwide community telling North Korea to do this, it's pretty impactful", the United Nations ambassador told CNN in an interview after the vote.

The White House praised China's move to join a unanimous U.N. Security Council resolution slapping new sanctions that could cut off about one-third of the North's roughly $3 billion in annual exports. "Not only a United States problem".

The North Koreans called the travel ban "a vile measure to limit the people-to-people exchange so as not to allow the U.S. citizens to see the true picture" of the DPRK.

Back in the U.S., President Trump also celebrated the new sanctions with several tweets and a statement from his press secretary Sarah Sanders late Saturday night.

Instead, Russia and China has put forward a joint initiative that could help solve this crisis.

China's Foreign Minister Wang Yi met his North Korean counterpart Ri Hong-Yo before a major regional security forum being hosted by the 10-nation Association of Southeast Asian Nations. -South Korean military exercises.

In the posting on Saturday, it said diplomats were told the USA "trumpeting" about war and its threat of sanctions only increased Pyongyang's "vigilance and courage", and justification for its tests. -South Korean military exercises have been carried out regularly and openly for almost 40 years and "they will continue".

Though Tillerson has emphasized the Trump administration's willingness to sit down with North Korea for negotiations, he's said that won't happen until the North agrees to abandon its nuclear aspirations.

This is the eighth time since 2006 that the UN Security Council has adopted a resolution in response to North Korea's nuclear and missile tests.

It also stressed that the government "will continue its efforts to realize fundamental denuclearization of North Korea and build permanent peace on the Korean Peninsula".

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The sanctions set is more than impressive, since now, new measures ban countries from buying North Korean coal, iron, iron ore, lead, lead ore and is seafood.

USA envoy to the UN Nikki Haley earlier said North Korea was facing "the most stringent set of sanctions on any country in a generation". However, repeated sanctions had so far failed to deter leader Kim Jong-Un from continuing with his country's missile development. The proposed resolution would add North Korea's Foreign Trade Bank, the primary foreign exchange bank, to a United Nations sanctions blacklist, which provides for an assets freeze. It also imposes an asset freeze on two companies and two banks.

Despite his push for better relations with Russia, Tillerson faced a huge setback in the last week with new congressional sanctions on Moscow and Russia's retaliation.

Despite initial opposition, Russian Federation also approved the resolution.

After weeks of US frustration over China's reluctance to take action, Trump's strategy of relying on Beijing's help showed early signs of paying off.

'This resolution is the single largest economic sanctions package ever leveled against the North Korean regime'. He touted the "very big financial impact" of the sanctions and noted optimistically that both China and Russian Federation had joined in the unanimous vote. "Revenues aren't going toward feeding its people".

The North Korean envoy hasn't spoken publicly since arriving in the Philippines.

Neither oil nor new air restrictions are included in the resolution.

United States ambassador to the UN Nikki Haley said: "The price the North Korean leadership will pay for its continued nuclear and missile development will be the loss of one third of its export and hard currency".

North Korea has repeatedly said it will never give up its nuclear arsenal, which it sees as a guarantee of its security.



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